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Socially responsible, fossil-free ETF launches on NYSE

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Etho Capital in partnership with Factor Advisors, has launched ETHO, a broad based, diversified, socially responsible and fossil-free exchange-traded fund that does not have exposure to the energy sector, on the New York Stock Exchange.

The ETF is based on the Etho Climate Leadership Index (ECLI), an index that was announced in October and is completely divested of fossil fuel companies, rigorously screened for ESG criteria and composed of 400 of the most climate-efficient companies across sectors. The ETHO ETF offers investors a product with broad diversification while remaining socially and environmentally responsible. It is part of a series of financial products that will be released by Etho Capital, a company dedicated to taking sustainable investing mainstream.
 
The ETF is composed of US public equities in the ECLI, which combines use of quantitative climate-emissions data and socially responsible investing expertise. According to Etho Capital, this allows diversified strategies that can optimise both sustainability and financial returns.
 
The launch of the ETHO ETF fills a critical void in the fossil-free investment sector. Our research shows that foundations, endowments and trustees are considering ESG metrics as part of their fiduciary duty more often when making investment decisions, and individuals are increasingly looking to align their investments with their values. The ETF will serve the explosive growth of the movement to divest portfolios from fossil fuels and invest in a clean energy future.

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